gohenry on its $40m growth equity financing

Launched in 2012 and headquartered in London, gohenry is a digital banking and financial literacy app and prepaid debit card, designed exclusively for 6-18 year-olds to help them learn good money habits in an increasingly cashless society.  gohenry’s innovative app gives young people the freedom to learn and take charge of their own spending and saving in a safe environment, while the app's parent version, with unique parental controls, allows parents to guide kids through the early stages of digital finance.  

As a pioneer in the family finance space, gohenry has built a community of more than 1.2 million parents and children who are invested in learning the vital skill of being good with money.  The company has doubled its customer base annually over the past six years and achieved profitability in March 2020.  gohenry is the market leader in the U.K. and is growing rapidly in the U.S. following 2018 launch.  gohenry plans to use the new funding to accelerate the expansion of its combined edtech and fintech solution across the U.S.

Torch Partners acted as strategic and financial advisor to gohenry, further demonstrating Torch Partners’ expertise and track record in advising fintech and digital consumer companies on raising growth equity capital.